ZTO Pre-Tax Margin

ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share. · Pre-Tax Margin

ZTO Pre-Tax Margin

Latest reported22.69%period endingDec 31, 2025

ZTO FY Pre-Tax Margin (15.59% → 22.69%)

Annual pre-tax margin

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ZTO pre-tax margin history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share. Pre-Tax Margin — Annual fiscal periods

Period ending	Pre-Tax Margin
Dec 31, 2025	22.6908%
Dec 31, 2024	26.4968%
Dec 31, 2023	27.8328%
Dec 31, 2022	23.4398%
Dec 31, 2021	18.7687%
Dec 31, 2020	19.8946%
Dec 31, 2019	30.5273%
Dec 31, 2018	30.2028%
Dec 31, 2017	29.1366%
Dec 31, 2016	28.4366%
Dec 31, 2015	28.7789%
Dec 31, 2014	15.588%